Ghanaian President John Dramani Mahama has announced a temporary reduction of the regulated margin on diesel by GHS 2.00 (about US$0.17) per litre for one month, in a move aimed at reducing the impact of rising fuel prices on households and businesses. The measure will take effect on Tuesday, August 4, 2026, as part of government efforts to contain inflation, prevent increases in public transport fares and ease pressure on the cost of living.
President Mahama said the decision was taken in response to challenges caused by volatility in global energy markets, which has contributed to rising fuel costs and increased economic pressure on citizens and businesses.
He added that the government would continue monitoring developments in the international energy sector and could introduce further measures if necessary to protect purchasing power, support economic recovery and maintain price stability. The reduction will remain in place for one month, according to Ghanaian authorities.
